Public Employees Retirement System of Ohio Has $17.95 Million Stock Holdings in VICI Properties Inc. $VICI

Key Points

• The Public Employees Retirement System of Ohio has increased its stake in VICI Properties Inc. by 2.3% in the second quarter, now holding approximately $17.95 million worth of stock.
• Analysts have raised their price targets for VICI Properties, with Morgan Stanley and Mizuho setting new targets of $35.00, contributing to a consensus rating of "Moderate Buy".
• VICI Properties announced a quarterly dividend of $0.45, increasing the annualized dividend to $1.80 with a yield of 5.6%.

Public Employees Retirement System of Ohio raised its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 550,500 shares of the company's stock after acquiring an additional 12,606 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.05% of VICI Properties worth $17,946,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wayfinding Financial LLC bought a new position in VICI Properties during the 1st quarter worth $29,000. Hoey Investments Inc. bought a new stake in shares of VICI Properties in the 2nd quarter valued at about $33,000. AdvisorNet Financial Inc increased its stake in shares of VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after buying an additional 786 shares during the period. Avalon Trust Co bought a new position in shares of VICI Properties during the first quarter worth about $35,000. Finally, Investment Management Corp VA ADV lifted its stake in shares of VICI Properties by 171.3% in the first quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company's stock worth $37,000 after acquiring an additional 709 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Mizuho increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Citigroup restated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Evercore ISI increased their price target on VICI Properties from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. lifted their price objective on VICI Properties from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

VICI Properties Price Performance

VICI stock opened at $32.03 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.74. The company's 50-day moving average is $32.97 and its 200-day moving average is $32.35. The stock has a market capitalization of $34.15 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.03.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%.The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. Equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be issued a $0.45 dividend. The ex-dividend date is Thursday, September 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.6%. This is an increase from VICI Properties's previous quarterly dividend of $0.43. VICI Properties's dividend payout ratio (DPR) is 68.97%.

VICI Properties Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

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